01 rebar: the price mainly fell on the 4th
The black series continues to be weak. The current steel price has fallen below the cost of steel mills, and the market price has fallen chaotically. Traders mainly ship at low prices, and the overall transaction situation is not good. Increased rainfall in domestic areas, limited recovery of rigid demand, slowdown in downstream purchases, strong wait-and-see sentiment, superimposed weak market performance, and poor market sentiment. It is expected that the thread price will fluctuate slightly today.
02 Hot-rolled steel coil: the price mainly fell on the 4th
At present, the release of demand is slow, the hot coil market is full of wait-and-see sentiment, the downstream purchases are more cautious, and the shipping pressure of traders is further increasing. The superposition of macro negative factors continues to drop, and the direction of steel prices is temporarily unclear, and the market outlook is mainly wait-and-see. It is expected that the price of hot coils will fluctuate within a narrow range and run weakly today.
03 Medium board: the price fell slightly on the 4th
The futures market continued to drop, the price of the middle board market was partially lowered, the market demand was not good, the terminal continued to purchase rigidly, the shipment performance was weak, and the transaction was greatly reduced. At present, multiple negative factors affect the support of spot prices, the mentality of merchants is weak, and the outlook for the market outlook is bearish. It is expected that the price of the medium board will weaken today.
04 pipe: the price is weak on the 4th
The overall spot market is weakening, and the black side of the disk has fallen below the bottom support, and the market sentiment has also fallen accordingly. At present, the trading volume has declined, and the actual transaction price has an upside-down phenomenon. The market outlook does not rule out that the price will continue to fall, and the panic and wait-and-see sentiment is getting stronger. . Pipe prices are expected to run weakly today.
Raw material trend analysis
01 Coke: Prices stabilized and fell on the 4th
The coke on the disk goes down sharply, and the coke lifting and lowering fully falls to the ground. Weakening market expectations and pressure on steel mills’ cash flow have led to a slowdown in coke companies’ shipments and a certain accumulation of inventory. Downstream steel mills are more likely to purchase on demand. Steel prices continue to fall, coke purchases are slow, coke supply and demand are loose, and short-term coke prices may be under pressure.
02 billet: the price weakens on the 4th
The black market breaks down, billet prices run weakly, market transactions are bleak, and manufacturers have a strong wait-and-see attitude. Affected by bad news, the trend of the spot market is relatively poor. The fundamental data of steel billet itself is acceptable, and the market will rebound in the later period, and the market for replenishment may appear. It is expected that the short-term steel billet price will first decrease and then rise, and today’s price will run weakly and stably.
03 Iron ore: 4th price weak operation
At present, the policy has a strong intention to suppress the iron ore price. It is rumored that the National Development and Reform Commission will continue to monitor the price of iron ore, and the market panic is gradually rising. The data shows that the amount of iron ore arriving at the port has increased significantly, and the transaction has declined month-on-month. The profits of superimposed steel companies have returned to the edge of profit and loss, and the output of molten iron is expected to narrow. It is expected that today’s iron ore price will fluctuate slightly.
Steel Price Forecast Today
The resumption of production in steel mills continues to advance. With the recent increase in rainfall, the demand is lower than expected, the pressure on steel supply and demand continues to increase, and steel prices have fallen weakly. At present, the profit of steel mills is deteriorating at an accelerated rate, and production has peaked, and the downward pressure may continue to increase. Steel prices are expected to weaken today.
Post time: Apr-06-2023